Published on 6 Apr 2022 on Zacks via Yahoo Finance
Equinor (EQNR) Wins Operatorship for Two CO2 Storage Licenses
Equinor ASA EQNR has been awarded licenses by the Norway Ministry of Petroleum and Energy to operate two carbon dioxide (CO2) storage sites in the North and Barents Seas.
The two licenses, known as Smeaheia and Polaris, are crucial components for developing the Norwegian Continental Shelf (“NCS”) as a major site for deploying carbon capture and storage (“CCS”).
In December 2021, the Norway government received applications from Equinor and other companies regarding two areas on the NCS to be allocated for CO2 storage.